Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Shein's net profit fell nearly 40% in 2024, impacting its planned IPO and reducing its valuation.

flag Online fast-fashion giant Shein saw its net profit drop by nearly 40% in 2024, falling to $1 billion, despite a 19% rise in sales to $38 billion. flag The Financial Times reported this decline, which is lower than the company's forecasted net profit of $4.8 billion. flag This financial setback could delay Shein's planned London IPO and reduce its valuation by about 25% to $50 billion.

21 Articles

Further Reading